SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose in April at its fastest pace in a decade, driven by higher inflation for food, official data showed on Monday. The core inflation rate — the central bank’s favoured price measure – rose to 3.3% in April on a year-on-year basis, the highest since February 2012….
TOKYO (Reuters) – U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation. “I am considering it. We did not impose any of those tariffs. They were imposed by the last administration and…
SHANGHAI (Reuters) – Slowing economic growth in China and anaemic demand for loans has sparked heavy buying of low-risk short-term financial instruments by lenders, pushing yields near zero, as banks seek to meet internal lending targets. Strong demand for banker’s acceptance bills – debt instruments guaranteed by banks – has pushed yields on one-month bills…
By Victoria Waldersee BERLIN (Reuters) – BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker’s production chief told Reuters on Monday, warning an embargo on Russian gas would bring the industry to a standstill. The carmaker, which relied on natural gas for 54% of…
By Sonali Paul and Mohi Narayan MELBOURNE (Reuters) – Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. Brent crude futures rose 72 cents to $113.27 a…
Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Tokyo and Sydney were higher Monday while Hong Kong and Shanghai declined. Investors were awaiting minutes from the latest policy setting meeting of the Federal Reserve and updates on consumer prices, due later this…
By Aditya Kalra DAVOS, Switzerland (Reuters) -Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region’s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with about 15 companies in sectors including…
By Sam Nussey TOKYO (Reuters) – Space is a key area of cooperation for Japan with the United States, its closest ally, amid heightened tensions with an increasingly assertive China, which itself aims to become a space power. Tokyo has said it hopes to put one of its astronauts on the lunar surface – the…
By Sonali Paul MELBOURNE (Reuters) – Oil prices rose in early trade on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. Brent crude futures rose 82 cents to $113.37 a…
By Scott Murdoch HONG KONG (Reuters) – Asian stocks faced an uncertain start on Monday as persistent inflation fears and the prospect of rising interest rates dogged the global economic outlook, which remains mired in negative sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.04% higher, after U.S. stocks ended the previous session…
